February 28, 2015 / 8:08 AM / 5 years ago

India to spend $37 billion on major subsidies in 2015/16

NEW DELHI (Reuters) - India is expected to spend 2.27 trillion rupees ($37 billion) on major subsidies during the fiscal year starting April 1, according to budget proposals presented by Finance Minister Arun Jaitley on Saturday.

($1 = 61.6489 rupees)

Reporting by Manoj Kumar; Editing by Clara Ferreira Marques

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